21Shares Crypto (France) Market Value
| HODLV Etf | 31.01 2.23 7.75% |
| Symbol | 21Shares |
21Shares Crypto 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to 21Shares Crypto's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of 21Shares Crypto.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in 21Shares Crypto on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding 21Shares Crypto Basket or generate 0.0% return on investment in 21Shares Crypto over 540 days.
21Shares Crypto Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure 21Shares Crypto's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess 21Shares Crypto Basket upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.68 | |||
| Information Ratio | 0.2475 | |||
| Maximum Drawdown | 25.36 | |||
| Value At Risk | (4.34) | |||
| Potential Upside | 10.94 |
21Shares Crypto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 21Shares Crypto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 21Shares Crypto's standard deviation. In reality, there are many statistical measures that can use 21Shares Crypto historical prices to predict the future 21Shares Crypto's volatility.| Risk Adjusted Performance | 0.2232 | |||
| Jensen Alpha | 0.9553 | |||
| Total Risk Alpha | 0.4545 | |||
| Sortino Ratio | 0.2144 | |||
| Treynor Ratio | 0.8173 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 21Shares Crypto's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
21Shares Crypto Basket Backtested Returns
21Shares Crypto is not too volatile given 3 months investment horizon. 21Shares Crypto Basket secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the etf had a 0.28% return per unit of risk over the last 3 months. We were able to interpolate data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.15% are justified by taking the suggested risk. Use 21Shares Crypto mean deviation of 2.67, and Coefficient Of Variation of 355.39 to evaluate company specific risk that cannot be diversified away. The entity shows a Beta (market volatility) of 1.39, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, 21Shares Crypto will likely underperform.
Auto-correlation | 0.34 |
Below average predictability
21Shares Crypto Basket has below average predictability. Overlapping area represents the amount of predictability between 21Shares Crypto time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of 21Shares Crypto Basket price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current 21Shares Crypto price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 7.15 |
21Shares Crypto Basket lagged returns against current returns
Autocorrelation, which is 21Shares Crypto etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting 21Shares Crypto's etf expected returns. We can calculate the autocorrelation of 21Shares Crypto returns to help us make a trade decision. For example, suppose you find that 21Shares Crypto has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
21Shares Crypto regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If 21Shares Crypto etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 21Shares Crypto etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 21Shares Crypto etf over time.
Current vs Lagged Prices |
| Timeline |
21Shares Crypto Lagged Returns
When evaluating 21Shares Crypto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 21Shares Crypto etf have on its future price. 21Shares Crypto autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, 21Shares Crypto autocorrelation shows the relationship between 21Shares Crypto etf current value and its past values and can show if there is a momentum factor associated with investing in 21Shares Crypto Basket.
Regressed Prices |
| Timeline |